Catalog
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| Issuer | National Bank of Iraq |
|---|---|
| Year | 1950 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | المصرف الوطني العراقي نصف دينار |
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| Protection type | Watermark |
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| Comments |
Iraq's first nationally issued banknotes, introduced under the 1947 National Bank of Iraq Law, replaced the Indian rupee-linked Iraq Currency Board notes that had circulated since the 1930s. The half dinar was the smallest denomination in this inaugural series — a deliberate choice given the purchasing power involved and the rural economy it was designed to reach.
Bradbury Wilkinson printed this series from their New Malden works, a firm with deep experience in colonial and post-colonial currency contracts across the Middle East and Africa. The watermark is the primary security feature — relatively modest for the period, but consistent with the specifications the National Bank negotiated for this first issue.